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AI news brief: Hugging Face CEO Clem Delangue recently stated that open source AI is in an unprecedented boom period. Hugging Face has evolved over the past few years into the “GitHub” of AI — a central platform where AI developers can freely upload, share, and download open source models and datasets, currently serving roughly half of the Fortune 500 companies globally. The high penetration rate alone is enough to demonstrate the mainstream status of the open source ecosystem.

AI News Brief: Apple filed a lawsuit in the Northern District of California federal court on Friday, accusing OpenAI of stealing trade secrets and breaching contract. The central figure in the case is OpenAI’s current Chief Hardware Officer Tang Tan, who spent 24 years at Apple before joining OpenAI, with his last role being VP of Product Design for iPhone and Apple Watch. The complaint…

AI News Flash: Robinhood has announced it will soon allow eligible US users to connect third-party AI agents to crypto accounts, letting agents execute trades autonomously. Users can collaborate with AI in advance to set strategies with specific guardrails, no need for continuous account monitoring. Since the stock and options agent beta launched at the end of May, over 70,000 agent accounts are already live on the platform, showing significant early adoption. Currently supported third-party…

AI news flash: Meta launched its AI image generation tool Muse Image this week, developed by its internal unit Meta Superintelligence Labs. One feature allowed users to @-tag public Instagram accounts when generating images, using those accounts’ photos as reference material. However, this mechanism’s design didn’t send any notification to the referenced account holders, leaving them completely unaware that their public photos had been used for AI image generation — triggering intense backlash from users. TechCrunch promptly published a guide on how to disable the feature.

Nexchip officially listed on the Hong Kong Stock Exchange this Friday, marking a major milestone for China’s semiconductor industry. By doubling down on legacy-node chips (older-generation processes, as opposed to the leading-edge nodes that TSMC and others specialize in), Nexchip has climbed to become the world’s eighth-largest foundry and built substantial production capacity in its home market. Chairman Cai Guozhi attended the bell-ringing ceremony in Hong Kong in person, underscoring the strategic importance of this listing. Legacy-node chips rarely attract the same media attention as cutting-edge 3nm or 5nm processes, but surging AI-driven demand from automotive, industrial control, and consumer electronics has made mature 28nm to 65nm nodes a sizable market. The timing of the Hong Kong listing is widely seen as a strategic move to tap international capital and bankroll global expansion.

AI News Brief: Fintech company Revolut announced a major upgrade to its crypto exchange Revolut X last Friday, allowing users to connect AI assistants directly to the platform. Currently supported AI tools include Claude, Gemini, Cursor, and OpenClaw. Users can operate these AI assistants through natural language commands to complete three core functions: market analysis, trading strategy backtesting, and actual order execution.

AI news brief: SK Hynix listed on US NASDAQ on July 10, 2026, issuing 177.9 million ADRs at $149 per share for a total raise of $26.5 billion (approximately KRW 40 trillion), setting a new record for the largest foreign company IPO in US history and surpassing Alibaba’s $25 billion 2014 offering. Each ADR represents roughly one-tenth of a Seoul-listed share, making it easy for US retail investors to participate. Demand exceeded supply by more than seven times, pushing day-one trading 14% above the IPO price, while the pricing came at a 2.7% premium over Seoul’s three-day average — completely shattering the long-standing ‘Korea discount’ that had weighed on Korean companies in international markets.

AI News Brief: Federal Reserve’s new Chair Kevin Warsh held a press conference on June 17, announcing the launch of five brand-new working groups to undertake a comprehensive overhaul of monetary policy. Warsh stated these topics are ’time-sensitive and far-reaching, worth re-examining,’ and each group will be independently led by top talent from both inside and outside economics. The Fed is also committed to issuing policy statements and guidance in shorter, clearer language. Notably, the Federal…

AI News Brief: Lyzr, an enterprise AI agent platform startup founded three years ago and headquartered in Jersey City, New Jersey, has just closed a $100 million Series B at a valuation of around $500 million. What is rare about this round is that it was almost entirely led by the company’s own AI agent system SivaClaw. According to Bloomberg, SivaClaw answered questions from over 130 investors during the fundraise, auto-drafted investment memos, and tracked which slides investors lingered on longest…

AI News Brief: Bitcoin mining company TeraWulf recently announced a $3.5 billion debt financing, continuing its aggressive capital-raising pace — the company closed a $1.3 billion round in December 2025, and raised another $3.2 billion back in October of the same year, bringing its three-round total past the $8 billion mark. But behind the massive fundraising, TeraWulf is facing multiple questions from the market…